Mackenzie Financial Corp Reduces Stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Mackenzie Financial Corp cut its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,226,470 shares of the utilities provider’s stock after selling 301,208 shares during the quarter. Mackenzie Financial Corp owned approximately 0.62% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $56,846,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SBS. Qtron Investments LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter valued at approximately $432,000. Banco BTG Pactual S.A. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 698.7% in the fourth quarter. Banco BTG Pactual S.A. now owns 905,676 shares of the utilities provider’s stock valued at $13,929,000 after acquiring an additional 792,276 shares during the period. Campbell & CO Investment Adviser LLC lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 328.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 48,826 shares of the utilities provider’s stock valued at $744,000 after acquiring an additional 37,418 shares during the period. Partners Group Holding AG acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth approximately $221,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 46.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,257,167 shares of the utilities provider’s stock worth $49,607,000 after buying an additional 1,034,319 shares during the period. 10.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 1.3 %

Shares of SBS stock opened at $16.56 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.35. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 15.62 and a beta of 1.16. The stock has a 50 day simple moving average of $16.89 and a 200-day simple moving average of $15.75. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1-year low of $11.29 and a 1-year high of $18.36.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 13.34% and a net margin of 15.00%. The firm had revenue of $1.30 billion during the quarter. On average, equities research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.06 EPS for the current fiscal year.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.